Primedia lowers 2007 outlook

Oct 15 (Reuters) - Publisher of Apartment Guide and other consumer guides, Primedia Inc (PRM.N), lowered its 2007 forecast, hurt by a decrease in advertising spend and increase in expenses.

The publisher said it now expects adjusted EBITDA

(earnings before income, taxes, depreciation and amortization) before items will be about flat compared to 2006. In August, it said it will deliver mid single digit percentage Segment EBITDA growth.

Revenue growth for the full year is expected to be flat to low single digits, compared with its previous forecast low single digit percentage revenue growth.

(Reporting by Jennifer Robin Raj in Bangalore)

((Editing by Amitha Rajan; Reuters Messaging:aruna.jennifer.reuters.com@reuters.net; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800)) Keywords: PRIMEDIA OUTLOOK/

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